Which of the following are differences between sole traders and limited liability companies? (1) A sole trader’s financial statements are private and never made available to third parties; a company’s financial statements are sent to shareholders and may be publicly filed (2) Only companies have share capital (3) A sole trader is fully and personally liable for any losses that the business might make (4) Only drawings would appear in a sole trader’s financial statement
A.1 and 4 only B.2, 3 and 4 C.2 and 3 only D.1, 3 and 4